The iPhone X Made Much More Money Than All Android Smartphones Combined

Apple (NASDAQ:AAPL) has been given a $159.00 price objective by research analysts at Goldman Sachs in a note issued to investors on Tuesday, April 3rd. The iPhone X alone generated 21% of total industry revenue and 35% of total industry profits during the quarter and its share is likely to grow as it advances further into its life cycle.

Counterpointreports that Apple's decision to continue selling older models for longer periods as a way of hitting a range of price-points appears to be paying dividends. These 10 smartphone captured 90% of the total handset profits during the fourth quarter of the year 2017, according to the research company Counterpoint.

The seventh-most profitable smartphone model in the world is another Apple iPhone, iPhone 6.

Apple has received 86% of the profits from the smartphone market at the end of 2017. Following the previous SE model (which looked like the iPhone 5S), it will be the new entry-level version of the smartphones with the same design as the iPhone X. An Apple regulatory filing with the Eurasian Economic Commission (EEC) has revealed a collection of 11 new iPhone models destined for near-term release, Consomacreports today.

What's Next For The iPhone X?

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Likewise, despite lower than expected sales of iPhone X and availability of just two months, iPhone X accounted little over one-third of total handset industry market profit. The new iPhone SE 2 may the right phone Apple needs to push its sales in emerging economies like India. However, with time, the design of the iPhone X has set an industry wide trend and the price tag has not stopped it from being the most successful smartphone of 2017.

Apple's iPhone X features what is arguably the most stunning design we've ever seen on a smartphone, so it makes sense that Android vendors would want to copy it. Private Vista LLC acquired a new position in shares of Apple in the 2nd quarter worth approximately $122,000. It's unclear if Apple plans to unveil the new devices with an event, a press release, or at WWDC.

As far as the specifications of iPhone SE 2 are concerned, reports are coming in from China, suggesting that the upcoming handset might be launched with a 4.2-inch display, A10 SoC under-the-hood, 2GB of RAM, 32GB/128GB of inbuilt storage, and Touch ID support. Among all the Chinse brand it is Huawei that has led the chart as it handset industry profit increased by 59% YoY in Q4 2017.

Thanks to the razor-thin margins and the highly competitive nature of the smartphone market, it is very tough to rake in profits.

The current iPhone SE is offered in A1662, A1723 GSM, A1723 CDMA, and A1724 variants, and most iPhones are similarly made in four versions, each specifically tested with a different collection of LTE bands.

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